SEBI adopts stricter approval process in IPO clearance, returns DRHP of OYO, 6 other companies

Quick Summary

After Paytm's IPO fiasco, SEBI has turned cautious in its approach while giving its go-ahead to IPOs after investors lost their money in some of the high-profile initial shares in 2021.

The collection last year would have been much lower had it not been for the Rs 20,557 crore-LIC public offer, which constituted as much as 35% of the total amount raised during the year.

Earlier, SEBI continued to give grace periods to most firms to file their full set of compliant documents, which used to lead to a high gestation period, as high as four months as of last year.

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News Analysis

Author / Journalist: Palak Agarwal ( )

Category: Business Startups

Topics: Go Digit Fincare Small Finance IPO Just In Lava International DRHP PayMate India Paytm IPO Sebi Oyo

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: yourstory.com

Readership Location: India

Published Date: 2023-03-19, 07:39:07

News Timezone: GMT +8:00

Language: English

Original Article Length: 656 words

Reading Duration: 4 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1050285

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Name: YourStory

Main Topics: BusinessStartups

Official Website: yourstory.com

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